{"data":{"id":"us-nc/n.c.-gen.-stat.-58-2-134","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-2-134","heading":"Cost of certain examinations.","body":"(a)\tAn insurer shall reimburse the State Treasurer for the actual expenses incurred by the Department in any examination of those records or assets conducted under G.S. 58-2-131, 58-2-132, or 58-2-133 under any of the following circumstances:\n(1)\tThe insurer maintains part of its records or assets outside this State under G.S. 58-7-50 or G.S. 58-7-55 and the examination is of the records or assets outside this State.\n(2)\tThe insurer requests an examination of its records or assets.\n(3)\tThe Commissioner examines an insurer that is impaired or insolvent or is unlikely to be able to meet obligations with respect to known or anticipated claims or to pay other obligations in the normal course of business.\n(4)\tThe examination involves analysis of the company's investment portfolio, a material portion of which comprises a sophisticated derivatives program, material holdings of collateralized mortgage obligations with high flux scores, unusual real estate or limited partnership holdings, high or unusual portfolio turnover, material asset movement between related parties, or unusual securities lending activities.\n(b)\tThe amount paid by an insurer for an examination of records or assets under this section shall not exceed one hundred thousand dollars ($100,000), unless the insurer and the Commissioner agree on a higher amount. The State Treasurer shall deposit all funds received under this section in the Insurance Regulatory Fund established under G.S. 58-6-25. Funds received under this section shall be used by the Department for offsetting the actual expenses incurred by the Department for examinations under this section. (1998-212, s. 26B(d); 1999-435, s. 7; 2002-187, s. 2.3.)","path":["Chapter 58. Insurance.","Article 2. Commissioner of Insurance."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-2-134.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"f8b20e73a50990178a80d5fef0442a8b435ff41ab930f0d6aa80d29fdf0ac469","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-2-133","next":"us-nc/n.c.-gen.-stat.-58-2-135"},"notice":"GroundRules: Original legal text. Not legal advice."}